Indianapolis Times, Indianapolis, Marion County, 2 November 1936 — Page 12

rr Paid Political Advertisement

HE TRUTH ABOUT |

SOCIAL SECURITY |

Uncle Sam Insures You Against Want In Your Old Agel.

~ You can’t lose because— You get more than you put in « No matter when you

die, you or your family get all you paid in and more « If you live to 65 years, you geta pension three times bigger than you could get from any insurance company

at the same rate.

~The Social Security Act is the greatest insurance bargain ever offered.

The Act provides aid to the blind, dependent mothers and crippled children. No tax is imposed on your pay envelope to pay for this aid.

The Act provides insurance against unemployment. No Federal tax is imposed on your pay envelope to pay for this insurance.

The Act provides relief for the indigent iE aged. No tax is imposed on your pay envelope ~ for these pensions.

It gives every worker in this country what private insurance companies call a combination life and annuity policy.

The law makes the employer pay half the cost of this policy. The worker pays the ‘other

half. Thus you get back more than you pay in.

If you die before 65, the insurance goes to

~ your family.

If you reach 65, you retire on the kind ef an annuity only the well-to-do can afford to buy as

private insurance, because the premiums to a

private insurance company for the same protection would be from three to five times as much as you pay to Uncle Sam. ;

All of the above facts also apply in the case of a woman worker. Marriage does not affect a woman’sright to the annuity for which she has

paid. If she dies before reaching annuity age,

the amount to which she is entitled goes to her estate. |

Existing private pensions are not affected

in any way by the law.

The Safest Insurance in the World

—as safe as the United States Government

The following table will help you appreciate what an insurance bargain Social Security gives the worker. Compare the weekly cost for Government insurance with the cost of similar old-age protection from an insurance company.

Average Weekly Cost

Age of Worker Monthly Monthly Social Insurance Jan. 1, 1937 Wage Pension Security Act Company

40 years - $200 $56.25 $1.10 $3.99 30 years 200 66.25 1.18 2.64 40 years 100 37.50 .55 2.65 30 years 100 47.50 .59 1.88

All the above insurance company costs are for old-

age annuity paymentsalone. But Social Security will give the workers of this country two additional benefits—unemployment insurance and life insurance.

So the comparisons do not tell the whole story.

Social Security is the safest insurance in the world—as safe as the ‘United States Government.

our employer must match dollars with you to make your old age safe from

>

This advertisement written and paid for by

LABOR NON-PARTISAN LEAGUE, WASHINGTON, » LC. i

HE.